. >> and we have more from the atlantic magazine's economic summit next with economist allen meltzer. he talked about the federal reserve's role in policies in the current economic situation and says the reserve should start slowly raising interest rates. his comments are about half hour. >> well, this is quite a parade of talent that you've got unfolding in front of you, but i do want to commend this interviewee allen meltzer, one of the most eminent scholars in the world, an authority on monetary policy, and an author of a wonderful two-volume history of the federal reserve. and that's where i want to the start right at the beginning. allen, i know that you're not in the bernanke is a hero category. you've been quite critical in things you've written for "the wall street journal" and elsewhere. tell us why. >> well, i do think, and i commend him for responding to the crisis which he helped to create by letting lehman fail but at least he responded to it and didn't let it go on and destroy the financial system. so i applaud him for that. now he's doing the administration's fiscal pol